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Koruna Unfazed By Sentiment Data

CZK

EUR/CZK is little changed this morning after the release of local sentiment gauges. Consumer confidence index recovered to -30.8 this month from -34.5 recorded in October, while business sentiment index slipped to 4.5 from 5.0.

  • The pair last deals at CZK24.362. Initial resistance is at CZK24.41, which capped gains on Nov 17/18. Above there opens the 50-DMA/channel top at CZK24.484/24.493 Bears look for a retreat past channel floor at CZK24.329 and towards Nov 8 cycle low of CZK24.244.
  • USD/CZK last seen at CZK23.3851, losing altitude for the third day in a row. Bearish focus falls on Nov 15 low of CZK23.2017, with bulls looking to a move through Nov 21 high of CZK23.8155.
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EUR/CZK is little changed this morning after the release of local sentiment gauges. Consumer confidence index recovered to -30.8 this month from -34.5 recorded in October, while business sentiment index slipped to 4.5 from 5.0.

  • The pair last deals at CZK24.362. Initial resistance is at CZK24.41, which capped gains on Nov 17/18. Above there opens the 50-DMA/channel top at CZK24.484/24.493 Bears look for a retreat past channel floor at CZK24.329 and towards Nov 8 cycle low of CZK24.244.
  • USD/CZK last seen at CZK23.3851, losing altitude for the third day in a row. Bearish focus falls on Nov 15 low of CZK23.2017, with bulls looking to a move through Nov 21 high of CZK23.8155.